DEBT OBLIGATIONS:

Our outstanding consolidated indebtedness was as follows:



	March 31, 2014		December 31, 2013
Parent Company Indebtedness:
ETE Senior Notes due October 15, 2020	$	1,187	$	1,187
ETE Senior Notes due January 15, 2024	450		450
ETE Senior Secured Term Loan due December 2, 2019	1,000		1,000
ETE Senior Secured Revolving Credit Facility due December 2, 2018	520		171
Subsidiary Indebtedness:
ETP Senior Notes	11,182		11,182
Regency Senior Notes	3,700		2,800
PVR Senior Notes	1,173		—
Transwestern Senior Unsecured Notes	870		870
Panhandle Senior Notes	1,085		1,085
Sunoco Senior Notes	965		965
Sunoco Logistics Senior Notes	1,975		2,150
Revolving Credit Facilities:
ETP $2.5 billion Revolving Credit Facility due October 27, 2017	—		65
Regency $1.5 billion Revolving Credit Facility due May 21, 2018	606		510
Sunoco Logistics $35 million Revolving Credit Facility due April 30, 2015	35		35
Sunoco Logistics $1.5 billion Revolving Credit Facility due November 19, 2018	950		200
Other Long-Term Debt	228		228
Unamortized discounts, premiums and fair value adjustments, net	367		301
Total	26,293		23,199
Less: Current maturities of long-term debt	1,388		637
Long-term debt and notes payable, less current maturities	$	24,905	$	22,562

Parent Company Indebtedness

The Parent Company’s indebtedness, including its senior notes, senior secured term loan and senior secured revolving credit facility, is secured by all of its and certain of its subsidiaries’ tangible and intangible assets.

ETE Term Loan Facility

On April 16, 2014, the Parent Company amended its Senior Secured Term Loan Agreement (the “ETE Term Credit Agreement”) to increase the aggregate principal amount to $1.4 billion. The Parent Company used the proceeds from this $400 million increase to repay borrowings under its revolving credit facility and for general partnership purposes. No other significant changes were made to the terms of the ETE Term Credit Agreement, including maturity date and interest rate.

Revolving Credit Facility

In May 2014, the Parent Company amended its revolving credit facility to increase the capacity to $1.2 billion. As of March 31, 2014, there were $520 million outstanding borrowings under the Parent Company Credit Facility and the amount available for future borrowings was $280 million. The weighted average interest rate on the total amount outstanding as of March 31, 2014 was 2.16%.

Senior Notes

The Parent Company currently has outstanding an aggregate of $1.19 billion in principal amount of 7.5% Senior Notes due 2020 and $450 million in principal amount of 5.875% Senior Notes due 2024.

Sunoco Logistics Senior Notes

In April 2014, Sunoco Logistics issued $300 million aggregate principal amount of 4.25% Senior Notes due April 2024 and $700 million aggregate principal amount of 5.30% Senior Notes due April 2044. The net proceeds from the offering were used to pay outstanding borrowings under the Sunoco Logistics’ Credit Facility and for general partnership purposes.

Regency Senior Notes

In February 2014, Regency issued $900 million aggregate principal amount of 5.875% Senior Notes due March 1, 2022.

In March 2014, as part of the PVR Acquisition, Regency assumed the outstanding senior notes of PVR with an aggregate notional amount of $1.17 billion. The senior notes consist of $300 million 8.25% senior notes due April 15, 2018, $400 million 6.5% senior notes due May 15, 2021, and $473 million 8.375% senior notes due June 1, 2020. In April 2014, Regency redeemed all of the $300 million 8.25% senior notes due April 15, 2018 for $313 million.

In April 2014, Regency commenced a private offer to exchange any and all outstanding 8.375% Eagle Rock Senior Notes due 2019, of which $550 million in aggregate principal amount is outstanding, for 8.375% Senior Notes due 2019 to be issued by Regency with substantially the same economic terms, and is contingent upon the closing of the Eagle Rock Acquisition. On April 28, 2014, Regency extended the expiration date on this exchange offer to May 28, 2014, unless further extended or terminated.

Subsidiary Credit Facilities

ETP Credit Facility

The ETP Credit Facility allows for borrowings of up to $2.5 billion and expires in October 2017. The indebtedness under the ETP Credit Facility is unsecured and not guaranteed by any of ETP’s subsidiaries and has equal rights to holders of ETP’s current and future unsecured debt. As of March 31, 2014, the ETP Credit Facility had no outstanding borrowings.

Regency Credit Facility

In February 2014, Regency entered into an amendment to the Regency Credit Facility to increase the borrowing capacity of the Regency Credit Facility to $1.5 billion with a $500 million uncommitted incremental facility and extended the maturity date to May 21, 2018.

As of March 31, 2014, the Regency Credit Facility had a balance outstanding of $606 million in revolving credit loans and approximately $21 million in letters of credit. The total amount available under the Regency Credit Facility, as of March 31, 2014, which was reduced by any letters of credit, was approximately $873 million, and the weighted average interest rate on the total amount outstanding as of March 31, 2014 was 2.41%.

Sunoco Logistics Credit Facilities

Sunoco Logistics maintains a $1.50 billion unsecured credit facility (the “Sunoco Logistics Credit Facility”) which matures in November 2018. The Sunoco Logistics Credit Facility contains an accordion feature, under which the total aggregate commitment may be extended to $2.25 billion under certain conditions. As of March 31, 2014, the Sunoco Logistics Credit Facility had $950 million outstanding.

Compliance with Our Covenants

We and our subsidiaries were in compliance with all requirements, tests, limitations, and covenants related to our respective credit agreements as of March 31, 2014.